MiCare raises US$60M from IFC, Mitsui Asia

Plans: The strategic investment will be used to fund MiCare’s expansion in key Southeast Asian markets, including Indonesia and Vietnam, as well as to set up a new regional headquarters in Singapore.

What is MiCare: A subsidiary of Zuellig Pharma, MiCare is a managed care organisation  that administers, processes and manages medical claims of policyholders and members on behalf of insurance companies and self-insured corporate clients.

The company also builds applications linking key players in the healthcare sector such as doctors, patients, hospitals, clinics and pharmacies to facilitate management of medical claims.

Currently, MiCare claims to have more than 13 million members in three countries — Malaysia, Thailand and the Philippines — and is looking to continue to grow and expand in the region.

MiCare currently processes medical claims of approximately US$400 million annually. The company manages and administers medical claims for over 45 insurers in the region, serving more than 6,500 corporate clients in over 5,000 hospitals, clinics and pharmacies.

B Capital leads US$50M in Yalo

What is Yalo: Founded in 2015, Yalo is a US-based chat commerce startup for businesses.

It offers an artificial intelligence-powered CRM (Customer Relation Management) that allows businesses to handle sales and build personal relationships, at scale, on Facebook Messenger, WhatsApp, and WeChat.San Francisco-based chat commerce startup,

Plans: For expansion into Latin America and Southeast Asia.

Grab partners with Stripe

The story: Grab has announced a partnership with payments giant Stripe to offer GrabPay Wallet as a payment method through Stripe.

This news was first reported by TechInAsia.

More about the story: To be first launched in Singapore and Malaysia, the partnership will allow payments to be processed in both Singaporean dollars and Malaysian ringgit.

Also Read: Early-stage learnings from former Grab employee on building a startup to help labour in Indonesia

“With e-commerce’s increasing popularity here, we believe that Stripe’s expertise and technology will help us deliver an enhanced payments experience for Southeast Asians,” said Grab Financial Group’s managing director and head of GrabPay, Chris Yeo.

Meet the 5 Asian agtech startups competing for the Future Food Asia Award 2021

What is the programme about: Future Food Asia Award is a platform that showcases agritech and food tech innovations in the APAC region.

The story: 10 startups from across the world will be competing for the Future Food Asia Award out of which 5 are from Asia. They will competed for a funding of US$100,000.

Here are the selected startups from the APAC region –

Allozymes (Singapore)

Uses microfluidics technology to develop custom-designed enzymes for cleaner and sustainable manufacturing of complex natural products.

Fasal (India)

An end-to-end farming app that helps horticulture farmers make smart decisions in order to maximise their yields and minimise wastage of resources.

Also Read: Fasal’s IoT device increases yield, reduces wastage by helping horticulture farmers make smart decisions on crops

IXON (Hong Kong, China)

Enables the storage of fresh meat, fish, and seafood at room temperature for up to two years.

REharvest (South Korea)

A food-upcycling company that repurposes by-products from beer and shikhye (traditional Korean drink).

Senior Deli (Hong Kong, China)

Provide quality care and promotes healthy lifestyles for the elderly.

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Image Credit: Grab

The post In brief: MiCare nets US$60M, Yalo eyeing SEA expansion appeared first on e27.

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